Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) will be convening its 5th Annual General Meeting (AGM) on Chaitra 4, 2074. The AGM is going to be held at FOWAD head office, Duhabi, Sunsari at 11:00 AM.
The main agendas of the AGM are:
- To endorse 50% bonus shares and 15% cash dividend from the net profit of Rs 25.06 crore it had earned in the FY 2073/74.
- To conduct election of Board of Directors (BOD).
- To increase authorized, issued and paid up capital of the company.
- To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75.
The book closure date for the AGM has been set on Falgun 17 to Chaitra 4, 2074. Thus, only those shareholders holding shares till Falgun 16, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend.
Its paid up capital will reach to Rs 30 crore from existing Rs 20 crore after distribution of 50% bonus shares.
It had posted net profit of Rs 14.54 crore in the second quarter of the FY 2074/75.
Its LTP stood at Rs 3,311 as of last trading day.
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